Registered number
SC663630
PROCTOR SERVICES LTD
Filleted Accounts
30 June 2023
PROCTOR SERVICES LTD
Registered number: SC663630
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 35,044 6,267
Current assets
Debtors 4 12,000 5,850
Cash at bank and in hand 8,357 9,881
20,357 15,731
Creditors: amounts falling due within one year 5 (3,101) (10,986)
Net current assets 17,256 4,745
Total assets less current liabilities 52,300 11,012
Creditors: amounts falling due after more than one year 6 (26,137) -
Net assets 26,163 11,012
Capital and reserves
Called up share capital 2 2
Profit and loss account 26,161 11,010
Shareholders' funds 26,163 11,012
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D M Proctor
Director
Approved by the board on 11 March 2024
PROCTOR SERVICES LTD
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 -
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2022 1,728 9,495 11,223
Additions - 34,995 34,995
Disposals - (9,495) (9,495)
At 30 June 2023 1,728 34,995 36,723
Depreciation
At 1 July 2022 604 4,352 4,956
Charge for the year 346 729 1,075
On disposals - (4,352) (4,352)
At 30 June 2023 950 729 1,679
Net book value
At 30 June 2023 778 34,266 35,044
At 30 June 2022 1,124 5,143 6,267
4 Debtors 2023 2022
£ £
Trade debtors 12,000 5,850
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 789 -
Accruals - 495
Taxation and social security costs 1,861 4,767
Other creditors 451 5,724
3,101 10,986
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 26,137 -
7 Other information
PROCTOR SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
20 Mains Drive
Lockerbie
Dunfries And Galloway
DG11 2FD
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